GST Amnesty Scheme allowing taxpayers until January 31,2024 to file appeals against demand orders issued by tax officers until March 2023.

The scheme also includes an enhanced Pre-deposit requirement of 12.5% of the Tax demand.

GSTR- 9

Maximum late fee is restricted to ₹20,000 (10,000/- CGST + ₹10,000/- SGST) for filing of Annual Return in Form GSTR -9 for any Financial Year from 2017-18 to 2021-22, if filed on or before 30-06-2023.

Late fee of GSTR -9 for Financial Year 2022-2023:

There are three categories, which are as follows:

(a)  Turnover up to 5 Crore – Late fee CGST ₹25/- + SGST ₹25/- per day subject to a maximum up to 0.04% (0.02% CGST+ 0.02% SGST) of Turnover.

(b)  Turnover between 5 Crore to 20 Crore – Late fee CGST ₹50/- + SGST ₹50/- Per day subject to a maximum up to 0.04% of Turnover

(c)  Turnover above 20 Crore – Late fee CGST ₹100/- + SGST ₹100/- per day maximum up to 0.50% of turnover.

GSTR – 10

As per the GST Provisions on cancellation of GST Registration, a tax payer has to file Final Return (GSTR -10) within 3 months from the date of cancellation.

*  Late fee is restricted to ₹1,000/- (₹500/- CGST + ₹500/- SGST),  if Return GSTR-10 Filed between 01-04-2023 to 30-06-2022